Shares in Australia’s Northern Star Resources jumped on Tuesday after activist investor Elliott Investment Management disclosed an over A$1 billion ($714.60 million) stake and called for it to launch a strategic...
Reuters.com
Rheinmetall sells struggling auto division to Aequita in €350 million deal
Germany’s Rheinmetall will sell its struggling automotive unit to Munich-based investment firm Aequita for about €350 million ($406 million), it said on Wednesday, in one of its final steps to focus on defence...
Japan electronics retailers Yamada, Edion plan merger to create sector giant
Japan’s Yamada Holdings and Edion said on Thursday that they plan to merge, aiming to create a giant consumer electronics chain with combined sales of around $16 billion. The boards of both companies will meet...
Hungary’s MOL seeks extension to finalise talks to buy Serbia’s NIS, Serbian energy minister says
Hungary’s largest oil and gas corporation, MOL, has asked the U.S. government for a one-month extension to complete talks to buy a majority stake in Serbia’s NIS, an oil company controlled by Russia...
Nestle buys out yfood Labs founders in first acquisition for new CEO
Nestle will fully acquire the smart food brand yfood Labs from its founders, a statement said on Wednesday, the first acquisition for the world’s largest packaged food company under new CEO Philipp Navratil...
Castlelake mulls possible offer for British budget carrier easyJet
U.S.-based investment firm Castlelake, L.P. on Friday said it is in the early stages of considering a possible offer for British budget carrier easyJet, sending the airline’s U.S.-traded shares up nearly 10%. No...
International Flavors and Fragrances to sell food ingredients unit in $4.3 billion deal
International Flavors & Fragrances agreed to sell its food ingredients business to CVC Capital Partners in a deal that values the unit at about $4.3 billion, as the flavor maker trims its portfolio to boost...
Australia’s Dexus faces forced airport stake-sale process after court ruling
Australia’s Dexus AX said on Friday it faces a compulsory process to offer its 27% stake in the Melbourne and Launceston airports to existing shareholders, after a court upheld a notice tied to an attempted sale...
Yum Brands in exclusive talks to sell Pizza Hut to LongRange Capital, source says
Yum Brands is in exclusive talks to sell its Pizza Hut chain to private-equity firm LongRange Capital, a source familiar with the matter said on Friday. The two parties are advancing in discussions about a potential...
Universal Music Group declines Bill Ackman takeover proposal
Universal Music Group’s board on Friday unanimously rejected an unsolicited takeover proposal from Bill Ackman’s Pershing Square Capital Management, saying it was not in the best interests of shareholders...
MPS CEO says no merger talks with BPM, focus is on Mediobanca
Italy’s Monte dei Paschi di Siena (MPS) is focused on integrating recently acquired Mediobanca and is not holding merger talks with Banco BPM, CEO Luigi Lovaglio said on Friday. Italian media reported on...
Activist Voss Capital urges Sempra to spin off Texas electricity unit Oncor, letter says
Activist investor Voss Capital has urged Sempra to spin off its Oncor electricity unit, creating a high-growth Texas-focused utility unencumbered by the $60 billion energy giant’s predominant California...
